Travis County Deed Records: Deed Record 627 - Mechanics Liens Page: 360
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by themechanic’s liene aforesaid, and it iS
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first part,
accrued,
or other holder of said note, the whole of the said note principal and interest then
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become due and payable, and suit may be immediately commenced, at the option of the holder
of the said promissory note, to collect the same and to foreclose the mechanic’s lien
procure the said policy or policies of insurance, or fail to pay any premiums therefor as
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that the said party
on any
such debt and interest shall also be secured
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one or more of said installments of said note,
amount equal at all times to the amount remaining unpaid on the said promissory note, in
some good and responsible insurance company or companies approved by the said party of
the first part, or other holder of said note, and to have the policy or policies of in-
may take out such policy or policies of insurance and pay thepremiums therefor, and pay
severally become due and payable, then, at the option of the said pary of the
fail to pay the premiums therefor when the same severally become due and payable, or
fail to pay any one of the said installments of the said promissory note, when the same
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of the first part, is hereby declared to have a mechanic’s lien on the said improvements
and on said property hereinbefore described, constituting one body of land and intended
to be used and enjoyed in connectionwith the said improvements, to secure the payment of
the said promissory note hereinbefore described, that the saidparties of the second part
hereby agree and bind themselves, after the said improvements have been completed by the
said party of the first part, according to the said plans and specifications, and accepted
by the said parties of the second part, to keep the said improvements insured, at their
own expense, against fire for an amount equal at all times to the amoutt remaining unpaid
on the said promissory note, and against cyclones, tornadoes and other windstorms for an
the said parties of the second part in favor of the said party of the first part, or
other holder of said note, paying the same for the amount so paid, which shall bear interest
from the time of such payment at the rate of seven per cent perannum, and the payment of
hereinaftermentioned, and the right being reserved in said promissory note to pay
Pa rim Cfe +heme of, I Addition to th e /s 7 )2, en A
installment then due,
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shall at once become due and payable, and suit may be immediately commenced, at the option
of the said party of the first part, or other holder of said note, to collect the same and
to foreclose the mechanic’s lien aforesaid.
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such taxes, all for and on account of the said parties of the second part, and any such
premiums of insurance and taxes, or either, paid by the saidparty of the first part, or
other holder of said note, shAll from the time o f such payment constitute a debt against
they severally become due and payable, or fail to pay the said taxes, or any part thereof,
on the said property as they severally become due and payable, then, thesaid party of
the first part, or other holder of said note, without being under obligation to to do so,
surance payable to the said party of the first part, or other holder of said note, as the
interest of the said party of the firstpart, or other holder of said note, mayappear, and
to deposit such policy or policies of insurance with the said party of the firstpart, or
other holder of said note, until the whole of the said note hereinbefore mentioned, has been
fully paid and satisfied, that the said parties of the second part also hereby agree and
bind themselves to payall taxes of every kind and character on the said property hereinbe-
fore mentioned and described as they severally become due and payable, until the whole of
the said promissory note has been fully paid and satisfied; and that in case they fail to
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hereby agreed and in the said promissory noteprovided , that in case the parties of the
second part fail to pay the said taxes, or any part thereof, on the said property before
the same become delinquent, or fail to keep the said improvements imsured as aforesaid, or
3. Parties of the second part herestates that they own in fee simple free and clear
of all liens and encumbrances, recorded or unrecorded, except as herein provided,
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Travis County (Tex.). Clerk's Office. Travis County Deed Records: Deed Record 627 - Mechanics Liens, book, 1939-11/1940-08; (https://texashistory.unt.edu/ark:/67531/metapth1596370/m1/366/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Travis County Clerk’s Office.